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Keyword: billions

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  • Marijuana sales top $12 million; new retailers added … still just one in Seattle

    09/15/2014 2:55:42 PM PDT · by steve86 · 5 replies
    The Seattle PI ^ | 9/11/2014 | Jake Ellison
    Retail sales of state-licensed weed in Washington topped $12 million by Sept. 8 … and sales keep climbing. The improvement of sales in recreational marijuana here mirrors the steep growth in sales in Colorado, where the recreational market out-sold medical for the first time in July (the latest numbers from that state). The Cannabist reports: “In July 2014, customers purchased more than $29.7 million in recreational marijuana — up from $24.7 million in June. Medical marijuana patients spent more than $28.9 million on marijuana in July — comparable to June’s $28.6 million in sales.” In Washington, there are now 55...
  • GAO: Government failed to report $619 billion in spending to its transparency site

    08/06/2014 4:49:57 AM PDT · by TurboZamboni · 5 replies
    WaPo ^ | 8-5-14 | Josh Hicks
    The White House budget office launched USASpending.gov in 2007 to track federal spending after scores of lawmakers, including then-Sen. Barack Obama, successfully pushed through a bipartisan bill to ensure greater transparency with the funding. At last check, less than 8 percent of the site’s spending information was accurate, and federal agencies had failed to report nearly $620 billion in grants, loans and other forms of assistance awards, according to a recent report from Congress’s nonpartisan Government Accountability Office.
  • Billions In Taxpayer Dollars Spent On ´Lyrical, Poetic´ Embassy Architecture Overseas

    07/09/2014 11:41:55 AM PDT · by Nachum · 12 replies
    Breitbart ^ | Jonathan Strong
    Under the Obama administration, embassy construction costs have exploded even while security – a major issue in the Benghazi scandal – has grown worse. Now we know why. A video released by the State Department in 2012 shows exhibits the philosophy behind a campaign begun under former Secretary of State Hillary Clinton to build fancy buildings overseas to enhance the nation´s reputation. The video opens with a narrator explaining the “universally understood language of diplomacy” including “art, design and architecture” that “communicate our ideals...without speaking a word.” From there, a series of high-profile architects use embarrassingly flowery language to explain
  • Exclusive: Inside Account of U.S. Eavesdropping on Americans [2008]

    06/11/2013 6:23:33 AM PDT · by BarnacleCenturion · 73 replies
    ABC News ^ | Oct. 9, 2008 | BRIAN ROSS
    Faulk says he and others in his section of the NSA facility at Fort Gordon routinely shared salacious or tantalizing phone calls that had been intercepted, alerting office mates to certain time codes of "cuts" that were available on each operator's computer. "Hey, check this out," Faulk says he would be told, "there's good phone sex or there's some pillow talk, pull up this call, it's really funny, go check it out. It would be some colonel making pillow talk and we would say, 'Wow, this was crazy'," Faulk told ABC News. Faulk said he joined in to listen, and...
  • Cyprus told: take bank levy or leave euro

    03/24/2013 5:15:07 PM PDT · by Beave Meister · 34 replies
    The Guardian ^ | 3/24/2013 | Ian Traynor
    Wealthy Russians stand to lose billions of euros in Cypriot banks under draconian terms being hammered out on Sunday night in Brussels to prevent the Mediterranean tax haven becoming the first country forced out of the single currency. Negotiations got underway amid a hardening of the stance held by the International Monetary Fund and Germany, who insisted that depositors must take the hit for bailing out the eurozone's latest crisis economy. There were signs of panic in Cyprus as a €100 (£85) limit was imposed on ATM withdrawals, with more stringent capital controls to follow if a deal is reached....
  • Study: Billions of Earth-size planets in Milky Way (In search of a 'Goldilocks' zone planet)

    01/07/2013 12:04:14 PM PST · by NormsRevenge · 49 replies
    Yahoo ^ | 1/7/13 | Associated Press
    LONG BEACH, Calif. (AP) — Astronomers hunting for Earth-like planets now have many places to look. A new estimate released Monday suggested the Milky Way galaxy is home to at least 17 billion planets similar in size to our planet. It doesn't mean all are potentially habitable, but the sheer number of Earth-size planets is a welcome starting point in the search for worlds like our own. Scientists have yet to find a twin Earth — one that's not only the right size but also located in the so-called Goldilocks zone, a place that's not too hot and not too...
  • Historic weld links Central Corridor, Hiawatha LRT line

    09/06/2012 3:15:48 PM PDT · by TurboZamboni · 10 replies
    KARE 11 ^ | 9-3-12 | KARE11
    "This weld is our own version of the golden spike for the transcontinental railroad as it connects the Twin Cities of St. Paul and Minneapolis," Fuhrmann said. "By connecting Central Corridor Green Line with the Hiawatha Blue Line, we will expand environmentally friendly, affordable transit options for residents of St. Paul, Minneapolis and the region."
  • IRS missing billions in ID theft

    08/02/2012 8:19:31 PM PDT · by TurboZamboni · 23 replies
    AP/pioneer press ^ | 8-2-12 | josh lederman
    WASHINGTON—The Internal Revenue Service may have delivered more than $5 billion in refund checks to identity thieves who filed fraudulent tax returns for 2011, Treasury Department investigators said Thursday. They estimate another $21 billion could make its way to ID thieves' pockets over the next five years. The IRS is detecting far fewer fraudulent tax refund claims than actually occur, according to a government audit that warned the widespread problem could undermine public trust in the U.S. tax system. Although the IRS detected about 940,000 fraudulent returns for last year claiming $6.5 billion in refunds, there were potentially another 1.5...
  • Highest-paying teams in the world

    05/01/2012 3:19:26 PM PDT · by TurboZamboni · 4 replies
    espn ^ | 5-1-12 | jeff gold
    SPANISH SOCCER GIANT FC Barcelona has had a disappointing season, failing to repeat as Champions League winner and facing an all but certain second-place finish in La Liga. But the team's underachieving results are not from a lack of spending. For the second straight year, Barcelona is paying its players the highest average salary in the world at $8.7 million. The findings were revealed in the second annual ESPN The Magazine/SportingIntelligence Global Salary Survey. Full results will be released in conjunction with The Magazine's Money Issue, on sale May 4. The poll encompassed 278 teams, 14 leagues, 10 countries, seven...
  • Report: $6B missing in Iraq may have been stolen (Money Literally Air Lifted by Bush Administration)

    06/14/2011 11:57:30 AM PDT · by SeekAndFind · 16 replies
    CBS News ^ | 06/14/2011 | Tucker Reals
    The man Congress put in charge of auditing the billions of dollars dumped on Iraq after Saddam Hussein was toppled has told the Los Angels Times he can't rule out the possibility that $6.6 billion in cash sent from the U.S. was stolen. Special inspector general for Iraq reconstruction Stuart Bowen told the Times the missing money may represent "the largest theft of funds in national history." It was not, it is crucial to note here, U.S. tax-payer dollars which have gone missing in Iraq. The money came from a special fund set up by the Federal Reserve Bank of...
  • G-8: Nations, banks to give $40B for Arab Spring

    05/27/2011 3:23:24 PM PDT · by La Enchiladita · 18 replies
    AP ^ | May 27, 2011 | Jamey Keaten
    DEAUVILLE, France – Rich countries and international lenders are aiming to provide $40 billion in funding for Arab nations trying to establish true democracies, officials said at a Group of Eight summit Friday. Officials didn't fully detail the sources of the money, or how it would be used, but the thrust was clearly to underpin democracy in Egypt and Tunisia — where huge public uprisings ousted autocratic regimes this year — and put pressure on repressive rulers in Syria and Libya. The overall message from President Barack Obama and the other G-8 leaders meeting in this Normandy resort appeared to...
  • 'Arab Spring,' Christian Winter

    05/21/2011 6:43:44 AM PDT · by KeyLargo · 7 replies · 1+ views
    IBD Editorials 'Arab Spring,' Christian Winter Posted 05/20/2011 06:46 PM ET Islamofascism: Obama wants to reward "democratic Egypt" with $1 billion in debt relief. Only, "democratic" Egypt is torching churches and slaughtering Christians left and right. There's a howling disconnect between the president's Pollyannaish narrative of an 'Arab Spring' and the reality on the ground in beneficiary countries such as Egypt, where religious intolerance and human-rights abuses are on the rise. In his speech calling for a Mideast Marshall Plan, he failed to mention increasingly violent attacks against Coptic Christians throughout post-Mubarak Egypt. For them, the "Arab Spring" has turned...
  • The Federal Government’s Unspent Billions : "Unobligated balances” sit in government accounts

    02/14/2011 7:14:19 AM PST · by SeekAndFind · 15 replies
    National Review ^ | 02/14/2011 | Deroy Murdock
    It’s enough to make a budget hawk lose his feathers. Notwithstanding President Obama’s promise in his State of the Union address to freeze domestic discretionary spending for five years, Vice President Joseph Biden Tuesday proposed $53 billion in high-speed-rail projects — atop $8 billion so previously “invested.” This is every boy’s dream: the ultimate train set. Thank you, Santa! For their part, congressional Republicans struggle to find $100 billion in budget cuts, even though their promise to do so fueled their historical election victories last November. So far, they have proposed just $74 billion in cuts for fiscal year 2011,...
  • Yobama

    11/07/2010 5:14:16 PM PST · by greyfoxx39 · 10 replies
    Times of India ^ | November 8, 2010 | Staff
    Yobama!Team BT, Nov 8, 2010, 12.00am IST God's truth, the city was glad to see him go. 'Coz not since 26/11, has South Mumbai been witness to such drama over security, such isolation of Colaba and Nariman Point, even Fountain, Metro, Mahapalika Marg and CST, all of which President Barack Obama fleetingly visited in his whistlestop trip to Mumbai. The governments central and state may say what they want, but Obama's visit has left a bitter aftertaste in the mouth of the Mumbaikar who is accustomed to sweetness around this time of the year because of the sacrifices the...
  • Sceptical green urges smart BILLIONS to fight warming (Give up the loot or buy Bjoern's book)

    09/05/2010 9:56:17 PM PDT · by Libloather · 15 replies
    Yahoo ^ | 9/05/10 | Slim Allagui
    Sceptical green urges smart billions to fight warmingBy Slim Allagui Posted Sun Sep 5, 2010 2:25pm PDT COPENHAGEN (AFP) - Bjoern Lomborg, the bad boy of the climate debate who has rejected for years "alarmist" prophecies from environmentalists, stresses in a new book the need to invest billions to fight global warming. In "Smart Solutions to Climate Change," Lomborg lashes out at current policies to curb greenhouse gas emissions but also highlights the need to spend 100 billion dollars a year on intelligent research and green technologies. By spending billions in a smart way, the world could essentially resolve the...
  • Republicans Play into Obama’s Hands on Wall Street

    08/31/2010 4:23:43 PM PDT · by unspun · 49 replies
    Gulag Bound ^ | August 31, 2010 | Cliff Kincaid
    Financial expert Zubi Diamond, author of Wizards of Wall Street, says that Republican proposals to fix the economy are deficient because they fail to protect invested capital in the stock market from the hedge fund short sellers. Republican Representatives Paul Ryan and John Boehner, who voted for the $700 billion big bank bailouts that began under President Bush, have put forward much-publicized proposals to solve the economic crisis. But Diamond says he has had no luck in getting Boehner?or other top Republicans?to pay any attention to his detailed and specific plan to save the economy by reinstating the safeguard regulations...
  • U.S. TO FUND RADICAL FEMINIST GROUP

    07/19/2010 2:11:06 AM PDT · by Cindy · 5 replies
    ONE NEWS NOW ^ | July 18, 2010, 4:20 am | by Charlie Butts
    SNIPPET: "The United Nations has created a super agency for feminists, but one female leader thinks it's unnecessary. The U.N. General Assembly recently voted to consolidate four different groups into a single one that could eventually be fueled by a $1 billion a year, and many of those dollars would come from the U.S." SNIPPET: "Many countries where abortion is limited or illegal have been pressured by to legalize it. That is currently being played out in Kenya, where a constitution before voters is pushing for legalized abortion. The United States is pumping money into that campaign as well."
  • US unveils Pakistan aid projects

    07/18/2010 11:31:16 PM PDT · by Cindy · 10 replies
    BBC NEWS ^ | 19 July 2010 Last updated at 02:01 ET | n/a
    PHOTO CAPTION: "Correspondents say the deal is part of Washington's attempts to counter anti-US sentiment in Pakistan" SNIPPET: "US Secretary of State Hillary Clinton has announced aid projects worth $7.5bn (£5bn) for Pakistan at the start of talks in the capital Islamabad. The package, agreed by Congress last year, is part of Washington's attempts to counter anti-American sentiment in the country, correspondents say. The five-year deal includes projects for two hydro-electric dams and renewable energy sources."
  • RNC chair pledges big bucks to support Fiorina (RINO Steele praises RINOs Fiorina, Whitman)

    06/29/2010 8:02:16 PM PDT · by rabscuttle385 · 53 replies
    SAN FRANCISCO (KGO) -- The chairman of the Republican National Committee chair Michael Steele pledges big bucks to support Carly Fiorina's senate campaign against Democratic Senator Barbara Boxer. Steele was in San Francisco Thursday morning, talking about California politics and the money it will take to win in November. Show me the money, but of course he wouldn't -- to ABC7 anyway. The question is will he show Fiorina the money? The two are scheduled to sit down together on Friday. Steele told reporters financial help for GOP candidates is coming. "We're going to be in play here, big time...
  • Commentary: Where Does Obama Get the Authority to ‘Inform’ a Private Co. to Surrender Its Money?

    06/15/2010 8:59:29 PM PDT · by Qbert · 95 replies · 1,768+ views
    CNSNews ^ | 6/15/2010 | Terence P. Jeffrey
    (CNSNews.com) - In his first-ever address from the Oval Office on Tuesday night, President Barack Obama said he was going to “inform” the chairman of BP that he must surrender the company’s money to an independent party that will distribute it to people and businesses determined to have been harmed by the oil spill in the Gulf of Mexico. The president’s declaration raises a serious constitutional question about his authority: Where does the president get the lawful power to order any private-sector company—BP or any other—that it must surrender its money? Should not courts and normal legal proceedings determine who is responsible, who has...
  • Indian Government Officials Provided Access to Terror Defendant David Headley

    06/11/2010 3:35:06 AM PDT · by Cindy · 10 replies · 313+ views
    US DOJ.gov - justice.gov ^ | June 10, 2010 | n/a
    FOR IMMEDIATE RELEASE Thursday, June 10, 2010 Indian Government Officials Provided Access to Terror Defendant David Headley As part of the cooperation and partnership between the United States and India in the fight against international terrorism, Indian law enforcement officials were provided direct access to interview David Coleman Headley, the Justice Department announced today. Mr. Headley and his counsel agreed to the meetings and Headley answered the Indian investigators’ questions over the course of seven days of interviews. There were no restrictions on the questions posed by Indian investigators. To protect the confidentiality of the investigations being conducted by both...
  •  Billions for 'green jobs,' whatever they are

    06/10/2010 9:46:52 PM PDT · by Nachum · 8 replies · 229+ views
    washington examiner ^ | 6/10/10 | Byron York
    Buried deep inside a federal newsletter on March 16 was something called a "notice of solicitation of comments" from the Bureau of Labor Statistics at the Department of Labor. "BLS is responsible for developing and implementing the collection of new data on green jobs," said the note in the Federal Register, which is widely read by government bureaucrats and almost never seen by the general public. But the notice said there is "no widely accepted standard definition of 'green jobs.'" To help find that definition, the Labor Department asked that readers send in suggestions.
  • The Thinker: Barack Obama explains his job

    05/31/2010 1:18:18 AM PDT · by mojito · 19 replies · 1,109+ views
    Wall Street Journal ^ | 5/28/2010 | James Taranto
    What exactly is the job of the president of the United States? Let's ask the man who currently holds that position, Barack Obama: "My job right now is just to make sure that everybody in the Gulf understands this is what I wake up to in the morning and this is what I go to bed at night thinking about: the spill." Obama's job description is fascinating. He has been depicted as a proponent of "activist government," but this may be a bum rap. Now he tells us he thinks that if he somehow gets people to think about him...
  • HEALTH LAW BANS NEW DOCTOR-OWNED HOSPITALS, BLOCKS EXPANSION OF EXISTING ONES

    04/12/2010 3:19:40 AM PDT · by Cindy · 29 replies · 2,773+ views
    CNS NEWS.com ^ | Monday, April 12, 2010 | By Fred Lucas, Staff Writer
    "Health Law Bans New Doctor-Owned Hospitals, Blocks Expansion of Existing Ones" SNIPPET: "The rules fall under Title VI, Section 6001 of the Patient Protection and Affordable Care Act. The provision is titled “Physician Ownership and Other Transparency – Limitations on Medicare Exceptions to the Prohibition on Certain Physician Referral for Hospitals.” More than 60 doctor-owned hospitals across the country that were in the development stage will be canceled, said Molly Sandvig, executive director of Physician Hospitals of America (PHA). “That’s a lot of access to communities that will be denied,” Sandvig told CNSNews.com. “The existing hospitals are greatly affected. They...
  • Pro-Life Democrats Who Switched Vote for Health Bill Request Billions in Earmarks

    03/30/2010 3:09:37 AM PDT · by Son House · 19 replies · 1,755+ views
    FOXNEWS.com ^ | March 29, 2010 | FOXNEWS.com
    Since the health care reform push hit its final stretch, numerous sweeteners for lawmakers' districts and states have been found inside the package. Earmark requests are made outside of the health care bill, making them a bit more difficult to link to any vote-trading. But it is precisely that kind of tricky-to-catch deal-making that Republican Sen. Tom Coburn said he and other GOP senators would be monitoring for months to come. "If you think you can cut a deal now and it not come out until after the election, I want to tell you that isn't going to happen," Coburn...
  • Census means billions for Chicago area

    03/09/2010 11:53:54 AM PST · by Nachum · 6 replies · 91+ views
    Chicago Tribune ^ | 3/9/10 | Oscar Avila
    Underscoring arguments for strong participation in this year's census, a new report details the billions of dollars that Illinois and the Chicago region have received in federal funds tied to the previous count. Researchers with the Brookings Institution, a Washington think tank, found that Illinois received $19.1 billion in 2008 in federal funds tied to census counts, about a third of all the federal assistance it received. Of that amount, the Chicago area received at least $12.6 billion, the study found.
  • EPA plans to spend $2.2 billion on Great Lakes

    02/21/2010 5:30:20 AM PST · by Thebaddog · 35 replies · 684+ views
    Chicago Breaking News ^ | 2.20.10 | Jim Tankersley
    <p>The Environmental Protection Agency will spend $2.2 billion over five years on the Great Lakes to clean up polluted water and beaches, restore wetlands and fight invasive species such as Asian carp in a revitalization effort to be detailed Sunday.</p>
  • OBAMA TO ANNOUNCE $8 BILLION HIGH-SPEED RAIL PLAN AFTER STATE OF THE UNION SPEECH

    01/27/2010 4:18:21 AM PST · by Cindy · 150 replies · 3,011+ views
    (AP) via CNS NEWS ^ | January 27, 2010 | Julie Pace, AP
    "Obama to Announce $8 Billion High-Speed Rail Plan After State of the Union Speech" Wednesday, January 27, 2010 By Julie Pace, Associated Press SNIPPET: "Washington (AP) - A day after delivering a State of the Union address aimed at showing recession-weary Americans he understands their struggles, President Barack Obama intends to award $8 billion in stimulus funds to develop high-speed rail corridors and sell the program as a jobs creator. Obama and Vice President Joe Biden plan to announce grants for 13 major corridors during a town hall meeting in Tampa, Fla., Thursday..."
  • CA: Whitman lead growing

    11/05/2009 8:12:51 AM PST · by NormsRevenge · 19 replies · 861+ views
    Capitol Weekly/Probolsky Research Poll ^ | 11/5/09 | John Howard and Anthony York
    Former eBay executive Meg Whitman has opened up a wide lead in the Republican race for governor, according to the latest Capitol Weekly/Probolsky Research poll. About a third of Republicans and decline-to-state voters who said they intend to vote Republican said they favor Whitman, who has a 3-to-1 edge over rival contender Tom Campbell, Insurance Commissioner Steve Poizner remains stuck in a distant third, with 5.5 percent of Republican support. The numbers show a significant increase in recent weeks for Whitman that reflects her prodigious spending. Already, seven months before the primary and full year before the general election, Whitman...
  • Focused on Federal Leadership in Environmental, Energy, and Economic Performance

    10/06/2009 1:46:50 PM PDT · by Cindy · 11 replies · 591+ views
    WHITEHOUSE.gov ^ | October 5, 2009 | n/a
    Note: The following text is a quote: THE BRIEFING ROOM THE WHITE HOUSE Office of the Press Secretary ___________________________________________________________________________ For Immediate Release October 5, 2009 President Obama signs an Executive Order Focused on Federal Leadership in Environmental, Energy, and Economic Performance WASHINGTON, DC – Demonstrating a commitment to lead by example, President Obama signed an Executive Order (attached) today that sets sustainability goals for Federal agencies and focuses on making improvements in their environmental, energy and economic performance. The Executive Order requires Federal agencies to set a 2020 greenhouse gas emissions reduction target within 90 days; increase energy efficiency; reduce...
  • Lost prosperity

    10/22/2009 3:37:57 AM PDT · by Scanian · 2 replies · 378+ views
    The American Thinker ^ | October 22, 2009 | Steve McCann
    Few things cause the eye to glaze over more than economic statistics, particularly when discussing all but incomprehensible sums in the billions and trillions of dollars. There are two statistics which the public should be aware of more than others; they are 1) Gross Domestic Product (total economic output of the country); and 2) The Net Gross Domestic Product per Person (The GDP less the amount of government spending at all levels divided by the total population). The Net GDP per person recognizes the impact of federal, state and local spending on the economy. Ideally the net amount each citizen...
  • Senate OKs Gitmo transfers to U.S.

    10/21/2009 1:50:51 AM PDT · by Grumpybutt · 10 replies · 526+ views
    The Washington Times ^ | 10/21/09 | Stephen Dinan
    After dropping some popular immigration-enforcement measures, Congress on Tuesday passed the 2010 homeland security spending bill that gives President Obama the authority to transfer terrorism-suspect detainees to the United States for trial, though only after he submits a plan to Congress. The Senate voted 79-19 to pass the $44.1 billion bill, following the House's approval last week. Mr. Obama is expected to sign it. "It has been eight years, eight long years since the attacks of 9/11. There are some people in this country who have become complacent about the threat of another attack. Don't count me as one of...
  • US government releases smart grid framework

    09/29/2009 2:59:53 AM PDT · by Cindy · 31 replies · 1,518+ views
    SMART METERS.com ^ | Saturday, 26 September 2009 16:27 | n/a
    A 90-page document released by the National Institute of Standards and Technology (NIST) released on September 24 proposes 77 standards for smart grid development. The report also detailed 14 areas that the government agency will prioritize in order to facilitate development. Utilities, regulators, and vendors have been waiting for this release from the NIST. The report details specific standards that utilities and developers will be expected to meet in their smart grid deployment. The institute will continue working on cybersecurity standards which should be released by the end of the year. The NIST began working on a set of standards...
  • ...the Pittsburgh Summit hosted by President Obama on September 24th and 25th. [Fact Sheets]

    09/27/2009 6:16:06 PM PDT · by Cindy · 16 replies · 526+ views
    WHITEHOUSE.gov ^ | September 25, 2009 | n/a
    Note: The following text is a quote: THE BRIEFING ROOM THE WHITE HOUSE Office of the Press Secretary ___________________________________________________________________________ For Immediate Release September 25, 2009 The following fact sheets outline the outcomes of the Pittsburgh Summit hosted by President Obama on September 24th and 25th. FACT SHEETS The Pittsburgh Summit: Key Accomplishments LINK Creating a 21st Century International Economic Architecture LINK Framework for Strong, Sustainable, and Balanced Growth LINK Bold and Coordinated Actions from Crisis to Recovery LINK Partnering on Food Security LINK Acting on our Global Energy and Climate Change Challenges LINK Support for the Most Vulnerable LINK
  • Understanding The Inflation In The Pipeline (by Walter E. Williams)

    09/09/2009 5:55:11 PM PDT · by Kaslin · 15 replies · 938+ views
    IBD Editorials ^ | September 9, 2009 | WALTER E. WILLIAMS
    With the massive increases in federal spending, inflation is one of the risks that await us. To protect us from the political demagoguery that will accompany that inflation, let's now decide what is and what is not inflation. One price or several prices rising is not inflation. Increases in money supply are what constitute inflation, and a general rise in prices is the symptom. As the late Nobel laureate professor Milton Friedman said, "Inflation is always and everywhere a monetary phenomenon, in the sense that it cannot occur without a more rapid increase in the quantity of money than in...
  • Fed's Profit from Crisis Loans Is $14 Billion

    08/31/2009 12:53:14 AM PDT · by CutePuppy · 9 replies · 671+ views
    Reuters via CNBC ^ | August 31, 2009 | Reuters
    The Federal Reserve has made $14 billion in profits on loans made in the last two years, the Financial Times reported on Monday, citing officials close to the matter. The U.S. central bank also earned about $19 billion from interest and fees charged to institutions that tapped liquidity facilities during the global financial crisis, the report said. If the Fed had invested the same amounted loaned out in three-month Treasury bills since August 2007, it would have earned $5 billion in interest, the FT said. .....
  • Feds get $28B in broadband stimulus requests

    08/30/2009 4:59:36 PM PDT · by Cindy · 10 replies · 764+ views
    Sacramento.BizJournals.com ^ | Friday, August 28, 2009, 9:03am PDT | by Patrick Hoge San Francisco Business Times
    SNIPPET: "When including about $10.5 billion in matching funds committed by the applicants, the total price tag for the proposed broadband projects topped $38 billion. The Recovery Act provided a total of $7.2 billion to the two agencies to expand broadband services, of which NTIA will use $4.7 billion, largely to deploy broadband infrastructure in unserved and underserved areas, and RUS will invest $2.5 billion to facilitate broadband deployment in primarily rural communities. Approximately $2.4 billion from RUS and up to $1.6 billion from NTIA is available in this first grant round."
  • Obama's Spending Plans Will Nearly Double the National Debt...

    08/24/2009 3:05:31 AM PDT · by Cindy · 26 replies · 3,406+ views
    CNS NEWS.com ^ | August 24, 2009 | n/a
    "Obama’s Spending Plans Will Nearly Double the National Debt--White House Leaked the News Late on Friday" Monday, August 24, 2009 SNIPPET: "(CNSNews.com) - In news leaked late Friday to the Reuters news agency, the White House conceded that the national debt will increase by $9 trillion over the next ten years, nearly doubling a national debt that now stands at $11.67 trillion." SNIPPET: "The good news that the White House leaked to Reuters late on Friday is that it is now projecting that this year’s deficit will be $1.58 trillion, down from the $1.84 trillion it earlier estimated. At $1.58...
  • Good news: Obama hikes 10-year deficit projection from $7 trillion to $9 trillion

    08/22/2009 9:24:19 PM PDT · by SeekAndFind · 4 replies · 732+ views
    Hotair ^ | 8/22/2009 | Allahpundit
    A late Friday afternoon candygram from the White House to help you get the weekend started right. And to think, China’s starting to doubt that American debt is a smart investment. It’s a good thing our massive new health-care bureaucracy’s going to be deficit-neutral. Imagine how much higher this number would be if it wasn’t. The Obama administration will raise its 10-year budget deficit projection to roughly $9 trillion from $7.108 trillion in a report next week, a senior administration official told Reuters on Friday. “The new forecasts are based on new data that reflect how severe the economic downturn...
  • Obama To Hike 10-Year Deficit to $9 Trillion

    08/21/2009 2:31:06 PM PDT · by khnyny · 140 replies · 6,461+ views
    Reuters ^ | August 21, 2009 | Jeff Mason
    WASHINGTON (Reuters) - The Obama administration will raise its 10-year budget deficit projection to roughly $9 trillion from $7.108 trillion in a report next week, a senior administration official told Reuters on Friday. "The new forecasts are based on new data that reflect how severe the economic downturn was in the late fall of last year and the winter of this year," said the official, who is familiar with the plans. "Our budget projections are now in line with the spring and summer projections that the Congressional Budget Office put out." The CBO said in June that deficits between 2010...
  • Facts Are Stubborn Things [flag@whitehouse.gov]

    08/04/2009 3:45:39 PM PDT · by Cindy · 554 replies · 8,546+ views
    WHITEHOUSE.gov ^ | 6:55 AM | Posted by Macon Phillips
    THE BRIEFING ROOM • THE BLOG THE BLOG TUESDAY, AUGUST 4TH, 2009 AT 6:55 AM Facts Are Stubborn Things Posted by Macon Phillips Opponents of health insurance reform may find the truth a little inconvenient, but as our second president famously said, "facts are stubborn things." Scary chain emails and videos are starting to percolate on the internet, breathlessly claiming, for example, to "uncover" the truth about the President’s health insurance reform positions. In this video, Linda Douglass, the communications director for the White House’s Health Reform Office, addresses one example that makes it look like the President intends to...
  • Roll call vote: Senate rejects Cash-for-Clunkers aid to charities and poor

    08/07/2009 7:54:06 AM PDT · by upchuck · 20 replies · 1,596+ views
    Michelle Malkin ^ | Aug 7, 2009 | Michelle Malkin
    Thought you be interested in this roll call vote on Sen. Tom Coburn’s proposal to allow traded-in Cash-for-Clunkers cars to be used to assist charities and poor families. Here’s the text of the proposal. [Amendment, quickly: The clunkers, instead of being destroyed, could be donated to charitable organizations] Here's the breakdown
  • Cash For Clunkers: Helping or Just Another Bailout?

    08/07/2009 8:35:12 AM PDT · by DecoyJames · 28 replies · 844+ views
    So you can see the dealers are enjoying it. My local television stations are flooded with Cash for Clunkers commercials. Dealers are soaking it up. So the question then arises…with a cost per consumer of TWO HUNDRED AND TEN TIMES the rebate they are getting for trading in their car, is it worth it? Or is Cash for Clunkers just a plan to get some more money in the automakers pockets? It seems they are the ones benefiting from this, not the consumer.
  • Fannie Mae needs another $10.7B in federal aid

    08/06/2009 4:02:40 PM PDT · by FromLori · 14 replies · 394+ views
    CNN ^ | 8/6/09
    <p>The new infusion means the troubled company has drawn a total of $45.9 billion of its $200 billion lifeline this year. Fannie Mae and its sister firm, Freddie Mac (FRE, Fortune 500), were taken over by the federal government last September amid the global financial meltdown.</p>
  • REMARKS BY THE PRESIDENT ON THE ECONOMY [$2.4 billion in...grants]

    08/05/2009 5:53:18 PM PDT · by Cindy · 10 replies · 375+ views
    WHITEHOUSE.GOV ^ | August 5, 2009 | n/a
    Note: The following text is a quote: THE BRIEFING ROOM THE WHITE HOUSE Office of the Press Secretary ----------------------------------------------------------------- For Immediate Release August 5, 2009 REMARKS BY THE PRESIDENT ON THE ECONOMY Monaco Coach, Wakarusa, Indiana 11:55 AM. EDT THE PRESIDENT: Thank you so much. Well, it is wonderful to be in Wakarusa. Thank you so much for the wonderful welcome. Herman, thanks for the great introduction. It is great to be back in Indiana. (Applause.) This is as close as I've gotten to home in a while. (Laughter.) And I flew out here with somebody who I think the...
  • REMARKS BY THE PRESIDENT AT TOWN HALL [North Carolina]

    07/30/2009 10:59:25 AM PDT · by Cindy · 27 replies · 1,227+ views
    WHITEHOUSE.gov ^ | July 29, 2009 | n/a
    Note:The following text is a quote: THE BRIEFING ROOM THE WHITE HOUSE Office of the Press Secretary ________________________________________________________________________ For Immediate Release July 29, 2009 REMARKS BY THE PRESIDENT AT TOWN HALL Broughton High School Raleigh, North Carolina 12:05 P.M. EDT THE PRESIDENT: Hello, North Carolina! (Applause.) Thank you so much. All right, please, everybody have a seat. I am so excited to be back in Raleigh, to be back in North Carolina. (Applause.) This is a community and a state that has been so good to me. (Applause.) And I know that part of the reason is because I travel...
  • US to hire 4,600 police as part of economic recovery plan

    07/28/2009 9:36:32 PM PDT · by Nachum · 32 replies · 622+ views
    Breitbart ^ | 7/28/09 | ap
    re than 4,600 new police officers are to be hired across the United States at a cost of one billion dollars as part of the country's economic stimulus plan, administration officials said Tuesday. The grants will be awarded to some 1,046 law enforcement agencies in all 50 states and will provide the full salary and benefits for 4,699 officers for three years, according to a Justice Department statement. There is also a provision that departments receiving the funds retain the positions for at least a fourth year
  • Obama Administration Starts $4.35 Billion....Pledges a Total of $10 Billion for Reforms [EDUCATION]

    07/26/2009 6:27:28 PM PDT · by Cindy · 15 replies · 201+ views
    WHITEHOUSE.gov ^ | July 24, 2009 | n/a
    Note: The following text is a quote: THE BRIEFING ROOM Office of Communications & Outreach 400 Maryland Ave., S.W. Washington, D.C. 20202 _______________________________________________________________________________ For Immediate Release July 24, 2009 PRESIDENT OBAMA, U.S. SECRETARY OF EDUCATION DUNCAN ANNOUNCE NATIONAL COMPETITION TO ADVANCE SCHOOL REFORM Obama Administration Starts $4.35 Billion "Race to the Top" Competition, Pledges a Total of $10 Billion for Reforms President Barack Obama and U.S. Secretary of Education Arne Duncan today announced that states leading the way on school reform will be eligible to compete for $4.35 billion in Race to the Top competitive grants to support education reform...
  • Vice President Biden, Attorney General Holder Announce Recovery Act Funding...

    07/28/2009 6:39:24 PM PDT · by Cindy · 20 replies · 790+ views
    US DOJ.gov/opa - Press Release ^ | July 28, 2009 | n/a
    Note: The following text is a quote: Vice President Biden, Attorney General Holder Announce Recovery Act Funding to Support Law Enforcement Recovery Act Funds to Add Police Officers to the Streets; Build Safer Communities Vice President Joe Biden and Attorney General Eric Holder today announced $1 billion in grants to fund the hiring and rehiring of law enforcement officers all across the country under the American Recovery and Reinvestment Act of 2009. The grants will be awarded to 1,046 law enforcement agencies from all 50 states and will provide 100 percent of the approved salary and benefits for 4,699 officers...
  • Drug groups to reap swine-flu billions

    07/21/2009 7:00:20 AM PDT · by Scythian · 5 replies · 250+ views
    FT.COM ^ | July 20 2009 | Andrew Jack
    Some of the world’s leading pharmaceutical companies are reaping billions of dollars in extra revenue amid global concern about the spread of swine flu. Analysts expect to see a boost in sales from GlaxoSmithKline, Roche and Sanofi-Aventis when the companies report first-half earnings lifted by government contracts for flu vaccines and antiviral medicines.